Monday, 30 November 2015
Last updated 2 days ago
Feb 15 2013 | 2:21am ET
Hedge funds suffered their worst outflows in nearly four years in December, with investors pulling more than $20 billion from the industry as 2012 drew to a close.
The huge withdrawals, the highest in 44 months, swamped the modest inflows that hedge funds had seen during the first 11 months of last year. The $20.7 billion net outflow in December left the industry $14.2 billion poorer for the year, according to BarclayHedge and TrimTabs Investment Research.
“Underperformance versus the S&P 500 Index is a likely culprit in last year’s outflows,” BarclayHedge founder Sol Waksman said. “We found that from 2010 through 2012, hedge funds gained 14.1% while the S&P 500 Index rose 27.9%. That’s a major shift from the trend over the past five years, when hedge funds gained 10.7% while the S&P 500 was essentially flat.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…